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May 18, 2022

Retail sales rise 0.9% in April

WASHINGTON (AP) — U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans' ability to keep ramping up spending even as inflation persists at nearly a 40-year high.

The Commerce Department said Tuesday that the increase was driven by greater sales of cars, electronics, and at restaurants. Even adjusting for inflation, which was 0.3% on a monthly basis in April, sales increased.


 
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